This Week In Heat Vision breakdown

Sean Daniels and Jason Brown of Sean Daniel Company are on board to produce along with Elizabeth Grave of 1212 Entertainment.

Melton and Dunstan will now write the script, which will use the horror folktale anthology as a jumping off point and incorporate some of the book'sshort stories, while concentrating on a group of kids who band together to save their town from living nightmares.

1212 initially optioned rights to the book, written by Alvin Schwartz with art by Stephen Gammell, before teaming up with Daniels, a producer on Universal’s Mummy franchise (he is also working on the reboot) and Brown.

The book was initially published in 1981 and went on to sell seven million copies. Several sequel books followed.

Melton and Dunstan are names in the scary movie set. They wrote four of the seven Saw movies (numbers IV to VII), Piranha 3D as well as an adaptation of The Outer Limits, which is in development at MGM. They also worked on Pacific Rim.